I have also considered getting a 3% first-time down Fannie Mae loan to secure a property and rent it out by the BR via Airbnb.

However the location and growth is excellent.

I take the overages out of the security deposit. 

I recently made the decision to jump head first into doing what I love rather than working so hard to be good at what I was doing, only to question the security of my position

Tenant wants to take possession 4/1 and has asked to pay the security deposit of $3,000 closer to the move in date along with first month rent.   

It also varies widely based on lot size, cleared vs forested, sewer/water/utilities available vs not, and location, etc.

Where is your property located and how did you go about finding this deal?

I'm pretty sure you can do it and be profitable in the 3 of them if you buy in the right locations and for the right price.Keep us posted!

Our plan was to use this HELOC to secure off-market deals from wholesalers and then pursue refinancing.Concerns and Seeking Advice:However, I've read discussions, indicating potential challenges in refinancing when a significant portion of DTI is tied up in a HELOC.Given our situation, I am keen on understanding:1.

The neighbors at the last location weren’t thrilled that we were keeping it a STR but they have been respectful.